tv The Dylan Ratigan Show MSNBC December 15, 2010 4:00pm-5:00pm EST
with destiny. >> we are and always will be the united states of america. >> the reality of future we now face. >> we are not but a couple years away from ireland or greece. >> 1929, crash, depssion. 2008, crash, recession. >> the people in washington are the problem. >> it is hard to fight six very, very powerful and rich industries. >> we have been here before. >> it's a wonderful life. and found the answers. now, 64 years later, live from that same iconic town that inspired a movie and inspired a nation, we begin the steel on wheels tour, focused on finding solutions to our problems and getting us out of the mess we're in. >> you have been given a great gift choice. >> the show starts right now.
>> good afternoon from the seneca falls savings bank right here in the great upstate that is new york. nice to see you. i'm dylan rat gap. how are you? we are here today to kick off our steel on wheels tour from the real-life setting that was recreated in the american classic "it's a wonderful life." many of the same struggles george bailey faced all those years ago mirror what the american people are facing a half a century later. whatever your perspective, america needs a jobs movement whether it is the rigged trade policies, the big banks stranglehold, the tax code or the high cost of health care, the result, as we all know by now, a complete lack of investment are in america. while wall street closes out the most profitable two-year stretch ever and multinational
corporations continue to prosper at the expense of american jobs, that's why we are here today and it's also while we will be traveling to philadelphia and st. louis tomorrow and friday and more importantly, why we will continue our cross-country journey in the months to come. steel on wheels, quite simply is about bringing jobs back. it is about economic liberation for all in this country, about ending the days when six industries control our government and most importantly, perhaps, it's about celebrating the incredible spirit that is america, the innovation and determination that has brought us this far and will surely lead us back to greatness. i'm proud to be joined today by a pair of experts who i consider two of the most qualified people to discuss how we go about doing that. former federal banking regulator, william black, and renowned economist peter mauricecy, pleasure to have you both at seneca falls.
how are you guys? >> well, thank you. >> we established the problems, we note trade issues are an issue, banking is an issue, peter, how will we begin the process of real trade debit that would create jobs in this country? >> we need to educate americans that when they buy a product from abroad, unless they dollars they send abroad come back to buy our experts so we replace those jobs lost with new jobs, america doesn't work. we have high unemployment and we cycle down. we simply have to make more things here in america. either import less or export more and that comes down to one word, china. >> wasn't the whole premise -- isn't the whole premise of free trade what you described, i will buy things from somebody from somewhere else, they will buy things from me and the world becomes more and more prosperous, wasn't that what we were told when free trade was implemented years ago? >> china should make what it makes well and we should make what we make well, all our high-tech products made there caterpillar taking american factories, moving them over
there, making the tractors there, china rigs trade. barack obama talked about this when campaigning in indiana and he talks about it to the chinese there are things that he can do and he has said so much but he never takes any action. why? mr. black, those big banks in new york have that strangle hold on washington, goldman sachs, jp morgan, the modern day mr. potters are keeping our president from doing the right thing. >> well, the big banks have become bigger by failing. right? we now reward disaster. china is rewarding success. >> china subsidizes profitable company, we rewart companies that fail. >> bill what would a banking system that drove job creation and innovation in this country look like and how far away from it are we now? >> you put a negative symbol in front of what we do now that would pretty much be it. right now, we have created massive subsidies for the worst banks to not loan to productive purposes to not loan to people and to not loan to businesses.
big businesses or small businesses, all of them, that kind of lending is down to all of the big banks for two years now. >> with the that said, why would the u.s. taxpayer be asked to create trillions of dollars in subsidies for the system doing what it is intended to do. >> you said the american people were asked, they weren't asked, the federal reserve simply did it. until a few weeks ago, we had only guess about the extent to which they had done it, but then, bipartisan coalition of progressives and libertarians got a bill to audit the fed and we discover that this subsid i did staggering it is in the trillions of dollars and suspect just a big u.s. banks it is the big european bank. >> absolutely. and why? they see gold in china. >> they? they who? >> jpmorgan, morgan stanley,
goldman sachs, deutsche bank, see great opportunity in china because the chinese don't know how to bank. they don't care whether america has jobs, they care about profits. all the growth we have had in this recovery has gone into banking profits. half has gone into bonuses for a handful of people that work on wall street. despite the fact that the economy is growing see our wages go down. they are really lucky that hardware stores in manhattan don't sell pitchforks anymore, those gritz aristocracy from the old french revolution. >> town look though you are talking about incredibly powerful interests that would be disrupted by engaging on trade policy and banking policy, how much of a disruption would it to be a caterpillar to a jpmorgan, if the government was to step in and say we are going to make the banks smaller, going to tax the chinese currency subsidy? are we in fantasy land to think we could engage these things without a disruns that is so big somebody like barack obama
doesn't want to deal with it? >> look at franklin roosevelt are. no one believed to do the things he needed to do to hurt the people he went to school with to get the country turned around. that's why he put joe kennedy in charge of the s.e.c. 'cause he knew where the bodies were buried. he didn't give us a guy like tim geithner tells us what was in the "new york times" three weeks ago. >> the savings and loan crisis, 1,000 elites, not the little people, not even the vice presidents, these are the top people convicted of felonies. in the current crisis of folks doing all that nonprime lending stuff exactly zero people prosecuted much less imprisoned, much less convicted. the ability to steel with impunity has become so great they feel they can get away with anything. and the citizens united decision in the supreme court saying you can make essentially unlimited political contributions from the corporations, that stranglehold
you have been talking on politics in both parties is becoming ever tighter around our next. >> one of the real problems is that in order go-to-get the money to run for office there three places you can get it, it banking, hollywood and the silicon valley and the campaign contributions that come out of those places are enormous. those folks don't make stuff in america what they are interested in is intellectual property protection, banking protection in china, they keep this government from doing the right thing. >> one of our leading exports is hollywood. >> that's true. it is like real estate, three critical places you can get it, it is wall street, wall street, wall street, just like it's location, location, location. >> i look at the response to this tv show since we have launched it i look at the response to statements that you make or you make, that so many others, increasingly growing
group of people aware of the trade problems of the banking problems of the health care problems of the tax code problems and have a huge motivation to do something about it, but quite honestly respect quite sure what to do, they are very frustrated and very frustrating to learn how rig and screwed up the poll advice and can't do anything about t you were trying to organize a job movement in this country around things that can be done, where would you begin? >> i would begin with the trade with china, we can put a tax on import and investment into china by taxing currency con vers are, simple to do and necessary, dramatically change the structure of prices in our economy and make a lot of things made in china and sold here made here and sold here, we could have a resolution trust in banking to basically clean up the books of the smaller banks like this one around the country as we did in the savings and loan crisis. frankly, got stop legislating taxes every two years, we need to have a nice, stable, reasonable tax code, then there's health care why is it that we pay 50% more to see a
doctor than the germans do? they spend 12% of gdp on health care we spend 20. they have got everybody covered, we got 45 million that are not. the thing is a mess. >> if you were to look in from your perspective, things that people, again, taking the time to watch tv shows like this or taking the time to read literature like the type of thing you two gentlemen publish, so many others, increasing swarm of people that as they get educated come to understand this bill what do you think that group of people and as more and more people join that movement, what sorts of things should they be aligning themselves around? >> you know how bad it is now? alan greenspan has joined our movement. alan greenspan gave a speech saying, hey there's fraud if he top rngs they can get away it with it is terrible, destroying capitalism. well, duh. that is what exactly alan greenspan's policy did there is a consensus, we need a real
attorney general. >> to look at the fundamental -- my fundamental belief the politicians are neither good or bad people, they are responding to what they perceive to be in their best self-interest to keep their jobs so they don't alienate the political donors and whatever the framing that is -- surrounds them to keep their jobs is there a political tipping point in this country, you see the polling, 70% of americans don't think the bonuses should be getting paid on wall street that number could go 80%, 90%, people talk about tax policy in this country. there is not really a look of consensus about these i shall because appears to be a lack of political pressure against actual leaders in this country. it is the same theme under all the things we have been discussing it is the death of accountability. >> all right. >> mm-hmm. >> the executive russ not accountable them cause massive losses and they get huge bonuses. >> isn't the road to accountability, the attorney general is not going to deal do it the system not going to do it isn't it the system's responsibility to do a movement to do it? >> hold them accountable, politicians have to lose their
jobs. >> last word. >> why we had a tea party movement this kind of frustration. the reality is republicans, they are coming to power they think that deregulation of lower taxes is going to soft problem. do you honestly think that is going to fix wall street? no, we need a third wave in american politics, basically throw the scoundrels out in third parties. >> when the policieses are openly threatened on an absolute basis get the response, 80, 90% of the population. >> operate marys as well as the general elections. >> we talk about primary as much as we do, bill, peter, thank you both so much and thank you for making the trip up to seneca falls to do this show with us. i appreciate that. much more to come from seneca falls and steel on wheels, including news of the day, the obama administration and their tax cut deal sailing through the senate while the house tackles don't ask, don't tell. we are going to mix it up after the break. plus, my one-on-one with the woman behind this famous line 64 years later.
>> look, daddy, teacher says -- >> every time a bell rings an angel gets had his wings. >> we invite to you read our huffing ton post blog about the very need we are talking about with steel on wheels, the need for a jobs movement in america. much more to come from seneca falls new york, only on msnbc. nobody in my family ever had a heart attack.
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live from seneca falls to mix up the big news of the day. the senate passing president obama's tax cuts deal with the republicans, 81-19, the vote. the bill moves to the house where it will face, as you surely know, stiffer opposition from democrats though most analysts think it will eventually get approved, the president today saying the deal is essential for the economy. >> we worked hard to negotiate an agreement that's win for middle class families and a win for our economy. we can't afford to let it fall victim to either delay or defeat. >> well, a new nbc news/wall street poll showing 59% of americans like the deal, 36% don't like t i want to bring in our panel, reuter's editor at large, christopher free land and blogger and columnist at politicsdaily.com. welcome to the first steels on wheels. >> it is fun.
>> fantastic. >> this tax deal, the president says it is good for the economy, do you agree with him? >> yes. certainly in the short term. >> elaborate. >> in the long term, it is bad for the deficit, in the short term, surely it is stimulative, right? what the economy needs. i think larry summers got into a lot of trouble last week for saying, look there is a danger of a double-dip recession. he is not the only guy saying that, a lot of economists are saying that, i think that is a real concern. >> are we wrong to debate this without considering we are borough $1 trillion to do it and the debate be if we are going to borrow another $1 trillion is the best way to spend another borrowed trillion these tax cuts or should there be some other higher output use to have a borrowed trillion? >> where do the cuts come from in the thing i have the most sympathy for the criticism of this compromise is the estate tax. actually, i just don't understand the logic of the big republican aren push for that. why is it so important that people who are inheriting $5
million, that's lot of money, get a real tax break? >> the philosophy says if you own something, you pay taxes on it when you earn it had and now you are paying taxes on it when you die. >> i thought that philosophy was -- i thought the philosophy was against an ar wrist stock transcircumstan --istocraaristocracy. [ inaudible ] i suspect the republicans not excited -- [ inaudible ] >> zero chance i'm going to have a problem with eat state tax, make $5 million before it would affect me and i'm still against t. >> why? >> as a matter of philosophy t is my money, not the governments, if i earn it i have paid taxes on it once. >> we pay -- you're not being taxed for dying because you're
dead, actually, so you're not paying the tax. believe it or not -- i don't believe that dead people can pay taxes. i think that your heirs are the people who pay the tax and actually, i don't think that people being handed a silver spoon is something good for society to do or actually even for their parents to do. >> i agree with you in fact -- [ inaudible ] >> when i have a children, i would not leave them a big inheritance, that is my decision, not up for the government to decide. >> government has lots of rights to tax. >> one of the premises to stay with the estate tax, one of the premises behind the departure from western europe of the immigrants was that you had a land gentry and aristocracy, all of the money four, five, six generations, people no incentive to invest that money, no incentive do anything with that money, may not have any idea what is to do with it. the premise mind this country was, as christian was saying, you need mechanism to break the landed general trick the
rothschild dynasty leading to the extraction in western europe. isn't the premise behind the estate tax not to tax somebody. i'm the last person to say listen, let's give the government more money, the fundamental of capitalism is based on those principles, doesn't it make sense to not allow capital to pool up with people who have no incentive to invest it or do anything with it? >> didn't earn it actually, just bored it is the lucky sperm club, right? i don't think that american wealth should determined by that there are people who have very good intentions who really think that when you have the society where there are really rich people and really poor people that is dangerous, dangerous for everybody, including the rich people. having said that america is still the land of opportunity, people like marco rubio elected -- >> how is an estate tax opportunity in an estate tax is the opposite of -- [ inaudible ].
>> absolute aberrations the estate tax is so level your point that america is the land of opportunity in the 20th century is partly precisely because of the estate tax you think is such a bad idea. brandeis, a great american, said, you know, part of the aren't estate tax was introduced was precisely the argument dylan was making. >> noble argument but i also also think fair to say probably shouldn't talk exclusively about the estate tax. >> a big issue. >> the issue the democrats probably most upset about it. >> it is a moral issue, actually. >> again, a moral issue for me as well, because i think it is morally wrong for the government to tax me twice and to tax me -- >> you get taxed twice on capital gains, you he were some money, you get taxed on income and invest it -- >> agree to disagree on that a one. l. >> yes. >> i think going bab backe to the larger sort of package, i think it is smart politics and republicans and democrats both,
compromise, things we disagree on, but if tough make a choice and a member of congress, you vote yea or nay, you have this. >> the morality of our decision making you and the nature of what we are dealing with and how we make our decisions in this country, looking even as we launch this steel on wheels tour and this effort to get our country back on track, the reality is that more and more people are trying to do much more with much less, especially at this time of the year. heartbreaking stories just this morning from "usa today," postal workers who handle kids' letters to santa saying more and more letters are asking for basics like coats, socks, shoes, instead of toys. we know we can do better, if not for ourselves than our children and our children's children and whether it is a estate tax or more important lakers culture of making decisions, dealmaking, political dealmaking, we borrow money from the children for any reason in order to satisfy the
incumbent demands of the democrats and the republicans, it would clearly seem to be a point in time, matt, where the spirit of this country and the spirit of seeking solutions as opposed to the spirit of the battle and the partisan battle of the past decade is -- has to be approaching a tipping point? >> yeah, it is. that is the whale point of the tea party movement, a lot of anger out there, there's a lot of frustration. it is a very dangerous time. i think back to the founding father and talk about things like you can only have a democracy if you have moral people and people with character that is actually a message that i think social conservatives can identify with but also an argument against some of what is happening on wall street, like people who are making decisions, which i think are, you know, a lot of times social conservatives focus on what we call the social issues, talk about don't ask, don't tell later, depending on how the votes go, but equally important, i think, are issues of character, you have people in positions where they are taking
advantage. we talk about george bailey. >> sure. >> why we are here. >> all rooting for george bailey when those decisions are made. >> i would like to go back to those kids' letters to santa, 'cause i think those are really obviously touching for anyone who has been a child or has a child, but speak to something really important going on we have to remember when we look at those unemployment numbers. that is there is a real danger if a person doesn't get a job after six months, it becomes increasingly hard for them to get a job ever again. and what americans have to be really, really worried about is that this may not be a little blip, people have a hard time pull themselves back up, millions of people, parents and kids falling into structural unemployment. just hang on. i let -- i let -- [ inaudible ]
structural unemployment thing is a huge -- a huge cultural problem and there is real danger that there is going to be an underclass of people, kids who see their parents never having a job again. and that, to me, is where, you know, that's what the moral majority needs to be worried about with america. >> understood. thank you so much for the conversation. thank you for the spirited debate. >> always. >> who says you can't mix it up on the sflood thank you guys, matt lewis, crist ya free land. lots to come here in seneca falls, new york the birthplace of the women's suffrage movement. who knew how a small group of women with a big idea changed america for the better and moved this country closer to the fulfillment of its ideals, same ideal wes continue to fight for for this day. trade strait ahead what we learned on our visit to the place where it all began. and be sure to check out our latest website, one that we are very proud of and one that we invite you to participate in, steel on wheels .com, track the
tour and more importantly, submit your ideas for how we can create, innovate and build our way out of this mess. it is time to restore america's spirit and get this country become to work. i invite to you spend some time at steel on wheels.com and we are back here right after this. for strong bones, i take calcium. but my doctor told me that most calcium supplements... aren't absorbed properly unless taken with food. he recommended citracal. it's different -- it's calcium citrate, so it can be absorbed with or without food. citracal. that saves you hundreds of dollars a year. it's called the new humana walmart-preferred prescription plan. ♪ it's a breakthrough in medicare prescription drug plans...
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its more than just oil. it's liquid engineering. we are back with some breaking news on msnbc, the house about to vote on a bill that would overturn don't ask, don't tell, the vote to repeal that ban on gays serving in the military, at least acknowledging as such much, is aimed at forcing the senate to take up the issue before the holiday recess and the republicans take over the house next month. we will, of course, stay on this as it develops. meantime, we are here in seneca falls new york for day one of the launch of our steel on wheels tour, a small town that is known for its big role in the
spirit of the movie, "it's a wonderful life." seneca falls known for another major contribution to america. it was here that women suffrage began 162 years ago. in fact, there is an entire museum in this small town dedicated to those historic events that culminated in women wing the right to vote. there are so many other accomplishments celebrated at the women's hall of fame just down the street. it was wonderful to walk through it and while we were up here, i did have the opportunity to spend time with the hall of fame's executive director, chris mouton and i asked her why the road to suffrage are was so long and so hard. >> it was a very radical idea for people and, in fact, most of the people who were instrumental in that movement did not live to see the right to vote. if you really believe in a cause, any cause, whether it is women rights movement or any
cause, you are following lay down your life, so to speak, for the cause and you know that the end result will be that other people are better for your work, whether you actually get the benefits of that work or not. >> i understand also in the 1860s, after the civil war when the 14th amendment was passed, that that was a big catalyst to -- that added a lot of fuel to the women's liberation movement. can you tell me about that? >> it did, it was almost a step backwards because we were saying that people were defined as men. men were people. women were not people. and i think for many people, that was really the additional fire that was needed to say, listen, we really need to stand up and say what about us? >> and if you were to look at the role of information, the role of the press, the role of the printing press, how instrumental was the free press in this country in really making
it possible for the original suffragettes to expand their cause? >> i think the pen and the written word were absolutely instrumental in the cause. women who might not have felt comfortable speaking publicly were able to write and certainly that was very important. i think like today's internet and although it wasn't as immediate, it was that kind of a movement. it was something that put everyone -- brought everyone together and no matter how far afield you were if you didn't live in a major metropolitan area, you could still get a newspaper, could you still read about the happenings, something starts as seed a small idea with a small group of people so it does take time, obviously, in today's world, maybe that kind of a movement wouldn't take that many years because of instant media and 24-hour news cycles and things like that but think
it is will always some period of time from the germation to the actual throughering with. >> interesting, not just with women's suf ran but so many things, you wonder you wonder if the reason it takes so long is because the fact of the matters is the incumbent power structure in 1848 or 1867 or 1870 or 1880 really didn't want to do it, but by 1920, the people that had the power in this country were different people. the people that were resisting women's suffrage had all died. right. >> and there's a case we made you can't get meaningful reform until the incumbent status quo power structure is either out of power or dead. do you think this is an indication of that? >> i do and i think by 1920, we want facing civil war and things of that nature. so i think it was just a different time in america. i think women felt ready to really embody what they were
asking for i'm very lucky. i have a great aunt who passed away at the age of 103, she remembers voting for the first time, going with her mother. i think it is very important for people to know those stories and have that firsthand knowledge. >> what would -- how would you characterize the state of women's rights and liberation in america today? >> that's great question. i think certainly, you know to quote the old virginia slims motto, we've come a long way, baby, but to quote susan b. anthony, failure is impossible. there's so much that women have accomplished in america today. certainly, it is not uncommon for women to be running for the top seats in our government, but 17 other countries already have female heads of state, united states hasn't done that yet.
i think, you know, women are alongside their male dplegts laboratory, pioneering medical achievements and protocols but 30th in the world in infant mortgage tallity, i think there is a real dichotomy there lots of opportunities and lots of challenges. >> do you think those challenge, for instance, the contrast between the mortality rate, infant mortality rate and academic achievement and professional achievement with some women is a reflection of gender or a reflection of the two-class system in america where the poor have bad health care, the poor have are -- men and women have bad health care, bad education, bad everything and the rich have great everything? >> i think it's probably a combination of the two, but also think in america, anything is possible, you know, wilma rudolph once said the potential for greatness lies within each of us and i think it's inherent, at this moment in our history, for each of us to find that
greatness and really use it for the larger good. . >> well, chris, as we mentioned, is the executive director of the women's hall of fame right here seneca falls and happy to report they are moving into an even bigger and more impressive facility in the months to come. we win the best of luck to them and all involved in that cause. and take it as a reminder for all of us who now look at the need for a jobs movement and the need for economic liberation in this country, a cue from the past that there has been a long history of this type of oppression and this type of self-serving interests preventing change in this country and at the same time, history of catalyzing a movement among the citizenry of this country that is basically driven by not on the organization but the persistence and the spirit and the passion to stay with it until the job is done. i certainly will do my part and i hope that you will as well as we try to launch this jobs
movement in this country until we end the rigged trading, rigged banking and all the other systems of preventing the development of healthy work for all americans in this country. >> still ahead on the special edition of the dr show, you know her at zuzu and she has ideas on america after this. nobody in my family ever had a heart attack.
if anything, i thought i'd get hit by a bus, but not a heart. all of a sudden, it's like an earthquake going off in your body. my doctor put me on an aspirin regimen to help protect my life. [ male announcer ] aspirin is not appropriate for everyone. so be sure to talk to your doctor before you begin an aspirin regimen. to my friends, i say, you know, check with your doctor, 'cause it can happen to anybody. [ male announcer ] be ready if a heart attack strikes. donate $5 to womenheart at iamproheart.com, and we'll send you this bayer aspirin pill tote.
a pleasure to sit with you. >> thank you. >> how does the spirit of the movie that you were part of reflect itself in your mind in the country today? >> it's something that we want back in this country. we want to grasp that spirit and we want it to be in our lives again. we want simpler times. we want people that will take the reins and help us get through these rough times and we need people that touch our lives and we need to know we touch other's lives it is a wonderful spirit. >> you say we want to get it back what exactly is that spirit in your mind? >> i think it is love, love of fellow man, respect, and gratitude, the things we have more or less taken for granted and lost in a lot of ways. i think the caring for humanity george bailey cared for his
fellow man, but in a sense that has disappeared. and it is now all about greed and money what happenedky do for myself? george never looked at things like that. >> in your own life, having been so young when the movie came out, 6 years old, how energy your mind didn't we go off of that path? >> well, there's so many ways. we kind of have grown too fast and i think we are not the simple loving people we used to be. our lives are too busy, they are too full of things that respect are important and we get in this little small world and we think we have problems in this little small world and it's hard to reach out beyond that. and we need to kind of realize that we are a community in this world and we are the american
people. we are americana. that is what we need to reach back and get our roots and kind of start from the beginning about caring for each other. we have lost that. >> how important is real leadership in the communities, in the states and at a national level in order to inspire the sort of resilience and commitment we have seen here in seneca falls? >> we need that moral back. i mean, we have to have these val news place with the people that do run are the things. and i would like to see that happen but never know. it seems to me they have forgot want principles were in this country. >> what do you mean when you say that? what principles are you talking about? >> i'm talking about caring for each other. i'm talking for keeping jobs available for people, for keeping funds available for the small businesses, for
encouraging people to be the land of opportunity, to do free enterprise and to be able to support that. and slowly but surely it is drying up and going away because we don't have the kind of support that the big people in the big places aren't there to help us. >> well, listen, i figure used to have slaves in this country, we overcame that women with's suffrage started in this town as well, that was a 70-year undertaking for me, as bleak as i'm seeing, you look at some of these things but at the same time, i look at the resilience, i look at the spirit of renewal and the history of change in this country and the think to myself that as daunting as this may be, that these challenges, too, can be -- can be overcome. >> well, this little show of spirit here in the museum is an indication of what people can do when they get together and they really wanted something to
happen. it's a leap of faith but it can happen. >> you want to give us the line? >> daddy, teacher says every time a bell rings an angel gets his wings. and i believe it. >> a pleasure. >> thank you. >> thank you so much. korolyn grimes, "s it's a wonderful life." we are back here from seneca falls, right after this.
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welcome back to this special launch edition of the steel on wheels tour of the dylan ratigan show. i want you to behold the bus, ladies and gentlemen. at this point, symbolic. a bus that we will take with us into the country as a way to explore the best ways to truly launch a jobs movement in this country. clearly no one like myself or no other individual could ever accomplish this, but around a shared values system that so many of us do share, a shared value system that so many of us are struggling to figure out a way to make a voice that is heard for positive change, a voice that is heard for problem solving in this country, we have the benefit of being able to marshal the resources that are granted to us here at msnbc, to bring in the partnership with a great american manufacturer, like new core steel to bring in
the partnership of so many others that have the same exact interest and want to drive this conversation into this country so that we can truly forming a movement to call for jobs in this country that are good jobs and jobs that solve our country's problems. and there is no group of people in america that is more burdened by the failure to create work right now than the young people in this country. they find themselves inher richt not only at deficit, another $1 trillion in tax cuts being voted on just today but also through the culture of student debt, through a culture that allows universities to function like corrupt corporations in some case its to use that money not to educate them but to build extra campuses, buy real estate, the infrastructure that the students are paying for but not their education they paying for the indulgences of the status quo infrastructure that is clearly in deed knead of major
renovation. one of the folks we are happy to have with us is andrew cenk, a show on mtv launch this fall, think of andrew as the anderson cooper of mtv, a man who truly wants to reveal to the american people what the nature of the relationship is between his community and his people and andrew is going to join us. he is actually fighting his way through the snow as we speak and we are anticipating his arrival momentarily. i'm told they sent a police escort for the young man. we didn't receive such privileges but i guess that's what it means to be a star on mtv. we are going to take a momentary break. we are excited about the arrival of mr. cenks and "hardball," looking that the tax cut vote, the don't ask, don't tell vote and when we return are, some final thoughts, my parting thoughts as to how we together can begin a true, effective, powerful jobs movement in
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our role should be one to support the housing market, certainly and we need to support that market according to standards that we establish in our market he is. can't be a megabank. the idea that bigger is better doesn't work in banking. >> well that, of course, the boss right here at seneca falls savings bank. with me right here the boss at
the world of cenks, andrew cenk, fighting his way through the snow, fighting his way through the american transportation infrastructure. >> always easy. >> to be here. we not only look to start a jobs movement in this country but look to be honest about the fact that those who are paying the biggest price for the lack of jobs and for the failed policies? this country are are the young people, not just through student debt but through the deficits and this morning, out on twitter, you put out an einstein quote. >> yes. >> that -- do you want to tell people what the quote was? >> the quote essentially was that, you know, in order for our civilization, our society to move forward we need to live in a world where educational system is even better than the one before it. right now, we are not really going along those lines. i just was on the way here and i was reading a statistic that came out that said that 89% of college students feel like the experience was a good investment but they only found that 62% -- 62% of the students only found that the educational aspects of it were worth it for the
workplace. and in that sense, i feel like colleges are really letting students down. >> when you look at the core essence of that einstein quote, basically the ideas and the values that got you into a given problem that got knew a given situation, will never be the values and ideas that will get you out of that problem. >> right. >> what does that mean for you and what do you think the new values are the new values of problem solving are that not only do you represent but that really the ones embraced by your generation? >> sure, you know, our secretary of education, arne duncan, often says that edge skating civil rights issue of our time and i think if you look back toward, you know, people were fighting for civil rights, they weren't just, you know, kind of laying down and making compromises, they were standing up for what they really believed in and it required, you know, really people putting their fists down and saying we are not going to take this i think it requires my generation to stand up and stand for something. what of those who say that your generation isn't engaged, that it isn't informed, that it's too
distracted? are those criticisms well founded, in your mind? >> i think they are well founded but i do think that energy and that caring nature exists within my generation and up to people like myself to who have a microphone and others to stand up and catalyze and get young people back involved an might be using 21st century technology, twitter or facebook and i think a matter of us coming together at college campuses around the country and standing up and saying, listen, we do care and these are the issues we want to talk b. >> andrew, a pleasure, thank you for making the journey, andrew cenks, monday night, "world of cenks." joining myself and the boss at new core steel to commence our first town hall of the first of many on this steel on wheels tour. tonight's event being held at the interfaith hall at the university of rochester, carried streaming on a battery